Russia, China switch to national currencies

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News Date: November 18, 2022

Russia and China switch to settlements in national currencies for energy supplies.
Russia, China switch to national currencies in payments for gas, says a senior official.
Russia, China also actively switching to national currencies for payments of oil supplies, and products, says the deputy prime minister.
Sources: aa.com

Trump Calls on Biden to Resign

Trump short statement: It is time for Joe Biden to resign in disgrace for what he has allowed to happen to Afghanistan, along with the tremendous surge in COV ID, the Border catastrophe, the destruction of energy independence, and our crippled economy.
It shouldnt be a big deal, because he wasnt elected legitimately in the first place!
On Sunday, Taliban insurgents made their way into the capital city of Kabul, seizing control. Prior to the takeover, many, including Afghan President Ashraf Ghani, fled for fear of their lives.
The White House on Sunday tweeted a photo of Joe Biden sitting by himself as Afghanistan falls to the Taliban.
Sources: t.me/real_DonaldJTrump, www.newsmax.com

Rupee-Riyal trade, UPI payment system

India, Saudi Arabia discuss Rupee-Riyal trade, UPI payment system.
India and Saudi Arabia have discussed the possibility of starting a rupee-riyal trade as part of efforts to boost economic ties between the nations, the Indian government said in a statement on Monday.
Sources: indiatimes

Trump plans to make permanent cut to payroll tax if reelected

Saturday, in Bedminster, N.J., Trump announced, If victorious on November 3rd, I plan to forgive these taxes and make permanent cuts to the payroll tax.
Trump says that if reelected, he'll pursue permanent cut to payroll taxes that fund Social Security, Medicare.
Sources:https://www.washingtonpost.com/, twitter.com, www.youtube.com

Putin, Xi To Sign a 'New Era' Declaration

Kremlin: Putin, Xi To Sign Declaration On 'New Era' Ties.
Russian President Vladimir Putin and Chinese leader President Xi Jinping will sign an agreement ushering in a 'new era' of ties during talks in Moscow next week, a Kremlin official said Friday.

Gold is the Real Safe Haven Asset

Gold is finally outperforming the way one would imagine. It's not always about the absolute performance as it is about the relative performance.
As Bitcoin surged from March 2020 through 2021, the market was convinced that Bitcoin was the "new" digital gold, the new store of value asset.
As Bitcoin surged to new highs at each passing day, this became a self-fulfilling prophecy.
Gold was seen as the stepchild, given no attention whatsoever as traders chased the greed and FOMO 100%+ returns in crypto assets.
Year to date, Gold is now up 6% vs. Bitcoin down 25%.
Source: thestreet.com